10-Q Filing

ARVANA INC CIK: 1113313 Q3 2022

Filing Information

Form Type	10-Q
Accession Number	`0001607062-21-000548`
Period End Date	20210930
Filing Date	20211122
Fiscal Year	2022
Fiscal Period	Q3
XBRL Instance	avni093021form10q_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 44 Income Statement 44 Cash Flow Statement 42 Stockholders Equity 26

Balance Sheet 44 line items

Line Item	Tag	Value	Unit	Period
Common Stock, Par or Stated Value Per Share	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common Stock, Shares Authorized	`CommonStockSharesAuthorized`	500.00M	shares	Point-in-time
Cash	`Cash`	$4.99K	USD	Point-in-time
Cash	`Cash`	$19.00	USD	Point-in-time
Common Stock, Shares, Outstanding	`CommonStockSharesOutstanding`	34.15M	shares	Point-in-time
Common Stock, Shares, Outstanding	`CommonStockSharesOutstanding`	4.61M	shares	Point-in-time
Total assets	`Assets`	$19.00	USD	Point-in-time
Treasury stock	`TreasuryStockCommonShares`	2,085.00	shares	Point-in-time
Treasury stock	`TreasuryStockCommonShares`	2,085.00	shares	Point-in-time
Total assets	`Assets`	$4.99K	USD	Point-in-time
Accounts payable and accrued liabilities (Note 5)	`AccountsPayableAndAccruedLiabilitiesCurrent`	$39.18K	USD	Point-in-time
Accounts payable and accrued liabilities (Note 5)	`AccountsPayableAndAccruedLiabilitiesCurrent`	$867.71K	USD	Point-in-time
Convertible loan (Note 8)	`ConvertibleDebtCurrent`	$107.80K	USD	Point-in-time
Convertible loan (Note 8)	`ConvertibleDebtCurrent`	-	USD	Point-in-time
Loans payable to stockholders (Note 3)	`OtherLoansPayableCurrent`	-	USD	Point-in-time
Loans payable to stockholders (Note 3)	`OtherLoansPayableCurrent`	$522.55K	USD	Point-in-time
Loans payable to related party (Note 3)	`LoansPayableRelatedParty`	$200.00	USD	Point-in-time
Loans payable to related party (Note 3)	`LoansPayableRelatedParty`	$130.68K	USD	Point-in-time
Loans payable (Note 3)	`LoansPayableCurrent`	-	USD	Point-in-time
Loans payable (Note 3)	`LoansPayableCurrent`	$74.66K	USD	Point-in-time
Amounts due to related parties (Note 7)	`DueToOtherRelatedPartiesClassifiedCurrent`	$352.65K	USD	Point-in-time
Amounts due to related parties (Note 7)	`DueToOtherRelatedPartiesClassifiedCurrent`	$35.30K	USD	Point-in-time
Total current liabilities	`Liabilities`	$74.67K	USD	Point-in-time
Total current liabilities	`Liabilities`	$2.06M	USD	Point-in-time
Common stock, $0.001 par value 500,000,000 authorized,34,148,518 and 4,610,670 shares issued and outstanding at September 30, 2021 and December 31, 2020, respectively	`CommonStockValue`	$34.15K	USD	Point-in-time
Common stock, $0.001 par value 500,000,000 authorized,34,148,518 and 4,610,670 shares issued and outstanding at September 30, 2021 and December 31, 2020, respectively	`CommonStockValue`	$4.61K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$21.29M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$35.96M	USD	Point-in-time
Deficit	`RetainedEarningsAccumulatedDeficit`	$-36.06M	USD	Point-in-time
Deficit	`RetainedEarningsAccumulatedDeficit`	$-23.97M	USD	Point-in-time
Total Stockholders' deficiency before treasury stock	`StockholdersEquityBeforeTreasuryStock`	$-2.05M	USD	Point-in-time
Total Stockholders' deficiency before treasury stock	`StockholdersEquityBeforeTreasuryStock`	$-71.32K	USD	Point-in-time
Less: Treasury stock 2,085 common shares at September 30, 2021 and December 31, 2020, respectively	`TreasuryStockValue`	$3.34K	USD	Point-in-time
Less: Treasury stock 2,085 common shares at September 30, 2021 and December 31, 2020, respectively	`TreasuryStockValue`	$3.34K	USD	Point-in-time
Total stockholders deficiency	`StockholdersEquity`	$-2.05M	USD	Point-in-time
Total stockholders deficiency	`StockholdersEquity`	$-2.09M	USD	Point-in-time
Total stockholders deficiency	`StockholdersEquity`	$-1.63M	USD	Point-in-time
Total stockholders deficiency	`StockholdersEquity`	$-2.16M	USD	Point-in-time
Total stockholders deficiency	`StockholdersEquity`	$-74.66K	USD	Point-in-time
Total stockholders deficiency	`StockholdersEquity`	$-2.21M	USD	Point-in-time
Total stockholders deficiency	`StockholdersEquity`	$-2.23M	USD	Point-in-time
Total stockholders deficiency	`StockholdersEquity`	$-2.05M	USD	Point-in-time
Total liabilities and stockholders deficit	`LiabilitiesAndStockholdersEquity`	$19.00	USD	Point-in-time
Total liabilities and stockholders deficit	`LiabilitiesAndStockholdersEquity`	$4.99K	USD	Point-in-time

Income Statement 44 line items

Line Item	Tag	Value	Unit	Period
General and administrative	`GeneralAndAdministrativeExpense`	$35.38K	USD	3 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$4.74K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$11.85K	USD	3 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$12.22K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$5.15K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$23.11K	USD	3 Qtrs
Professional fees	`ProfessionalFees`	$42.80K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$64.00K	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$75.86K	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$47.54K	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$58.49K	USD	3 Qtrs
Total operating expenses	`OperatingExpenses`	$17.37K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-17.37K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-58.49K	USD	3 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-75.86K	USD	3 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-47.54K	USD	1 Quarter
Interest expense	`InterestExpense`	$39.44K	USD	3 Qtrs
Interest expense	`InterestExpense`	-	USD	1 Quarter
Interest expense	`InterestExpense`	$19.12K	USD	3 Qtrs
Interest expense	`InterestExpense`	$13.32K	USD	1 Quarter
Foreign exchange gain (loss)	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$250.00	USD	1 Quarter
Foreign exchange gain (loss)	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$6.71K	USD	3 Qtrs
Foreign exchange gain (loss)	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$-11.51K	USD	3 Qtrs
Foreign exchange gain (loss)	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax`	$-36.90K	USD	1 Quarter
Other income (Note 9)	`OtherIncome`	-	USD	1 Quarter
Other income (Note 9)	`OtherIncome`	-	USD	3 Qtrs
Other income (Note 9)	`OtherIncome`	-	USD	1 Quarter
Other income (Note 9)	`OtherIncome`	$458.83K	USD	3 Qtrs
Loss on debt settlements (Note 5)	`GainsLossesOnExtinguishmentOfDebt`	-	USD	1 Quarter
Loss on debt settlements (Note 5)	`GainsLossesOnExtinguishmentOfDebt`	$-12.46M	USD	3 Qtrs
Loss on debt settlements (Note 5)	`GainsLossesOnExtinguishmentOfDebt`	-	USD	3 Qtrs
Loss on debt settlements (Note 5)	`GainsLossesOnExtinguishmentOfDebt`	$-12.46M	USD	1 Quarter
Net loss and comprehensive loss	`NetIncomeLoss`	$-109.44K	USD	3 Qtrs
Net loss and comprehensive loss	`NetIncomeLoss`	$-12.09M	USD	3 Qtrs
Net loss and comprehensive loss	`NetIncomeLoss`	$-12.51M	USD	1 Quarter
Net loss and comprehensive loss	`NetIncomeLoss`	$-67.59K	USD	1 Quarter
Weighted average shares outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	2.01M	shares	1 Quarter
Weighted average shares outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	12.10M	shares	3 Qtrs
Weighted average shares outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	1.70M	shares	3 Qtrs
Weighted average shares outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	27.09M	shares	1 Quarter
Net loss per common shares basic and diluted	`EarningsPerShareBasicAndDiluted`	$-1.00	USD	3 Qtrs
Net loss per common shares basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.03	USD	1 Quarter
Net loss per common shares basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.46	USD	1 Quarter
Net loss per common shares basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.06	USD	3 Qtrs

Cash Flow Statement 42 line items

Line Item	Tag	Value	Unit	Period
Net loss for the period	`NetIncomeLoss`	$-109.44K	USD	3 Qtrs
Net loss for the period	`NetIncomeLoss`	$-12.09M	USD	3 Qtrs
Net loss for the period	`NetIncomeLoss`	$-12.51M	USD	1 Quarter
Net loss for the period	`NetIncomeLoss`	$-67.59K	USD	1 Quarter
Other income	`OtherNoncashIncome`	-	USD	3 Qtrs
Other income	`OtherNoncashIncome`	$458.83K	USD	3 Qtrs
Loss on debt settlements	`NondebtorReorganizationItemsNetGainLossOnSettlementOfOtherClaims1`	-	USD	3 Qtrs
Loss on debt settlements	`NondebtorReorganizationItemsNetGainLossOnSettlementOfOtherClaims1`	$-12.46M	USD	3 Qtrs
Interest expense	`InterestIncomeExpenseNet`	$-19.12K	USD	3 Qtrs
Interest expense	`InterestIncomeExpenseNet`	$-39.44K	USD	3 Qtrs
Foreign exchange	`ForeignCurrencyTransactionGainLossUnrealized`	$12.05K	USD	3 Qtrs
Foreign exchange	`ForeignCurrencyTransactionGainLossUnrealized`	$-11.51K	USD	3 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$18.90K	USD	3 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$24.96K	USD	3 Qtrs
Amounts due to related parties	`IncreaseDecreaseInDueToRelatedPartiesCurrent`	$34.94K	USD	3 Qtrs
Amounts due to related parties	`IncreaseDecreaseInDueToRelatedPartiesCurrent`	$8.15K	USD	3 Qtrs
Net cash used in operations	`NetCashProvidedByUsedInOperatingActivities`	$-31.43K	USD	3 Qtrs
Net cash used in operations	`NetCashProvidedByUsedInOperatingActivities`	$-21.30K	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	3 Qtrs
Proceeds of loans payable	`ProceedsOfLoansPayable`	$16.32K	USD	3 Qtrs
Proceeds of loans payable	`ProceedsOfLoansPayable`	$30.00K	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$16.32K	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$30.00K	USD	3 Qtrs
Change in cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$-1.44K	USD	3 Qtrs
Change in cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$-4.97K	USD	3 Qtrs
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$4.99K	USD	Point-in-time
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$2.35K	USD	Point-in-time
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$911.00	USD	Point-in-time
Cash, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$19.00	USD	Point-in-time
Cash, end of period	`CashAndCashEquivalentsAtCarryingValue`	$4.99K	USD	Point-in-time
Cash, end of period	`CashAndCashEquivalentsAtCarryingValue`	$2.35K	USD	Point-in-time
Cash, end of period	`CashAndCashEquivalentsAtCarryingValue`	$911.00	USD	Point-in-time
Cash, end of period	`CashAndCashEquivalentsAtCarryingValue`	$19.00	USD	Point-in-time
Cash paid for interest	`InterestPaidNet`	-	USD	3 Qtrs
Cash paid for interest	`InterestPaidNet`	-	USD	3 Qtrs
Cash paid for income taxes	`IncomeTaxesPaid`	-	USD	3 Qtrs
Cash paid for income taxes	`IncomeTaxesPaid`	-	USD	3 Qtrs
Debt forgiveness included in amounts due to related parties, accounts payable and accrued liabilities (Note 9)	`DebtForgivenessIncludedInAmountsDueToRelatedPartiesAccountsPayableAndAccruedLiabilitiesNote9`	$458.83K	USD	3 Qtrs
Debt forgiveness included in amounts due to related parties, accounts payable and accrued liabilities (Note 9)	`DebtForgivenessIncludedInAmountsDueToRelatedPartiesAccountsPayableAndAccruedLiabilitiesNote9`	-	USD	3 Qtrs
Shares issued for debt settlement (Note 5)	`SharesIssuedForDebtSettlementNote5`	$14.07M	USD	3 Qtrs
Shares issued for debt settlement (Note 5)	`SharesIssuedForDebtSettlementNote5`	$97.10K	USD	3 Qtrs

Stockholders Equity 26 line items

Line Item	Tag	Value	Unit	Period
Beginning balance, value	`StockholdersEquity`	$-2.05M	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$-2.09M	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$-1.63M	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$-2.16M	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$-74.66K	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$-2.21M	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$-2.23M	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$-2.05M	USD	Point-in-time
Debt settlement	`StockIssuedDuringPeriodValueConversionOfConvertibleSecurities`	$97.10K	USD	1 Quarter
Debt settlement	`StockIssuedDuringPeriodValueConversionOfConvertibleSecurities`	$543.14K	USD	1 Quarter
Debt settlement	`StockIssuedDuringPeriodValueConversionOfConvertibleSecurities`	$14.07M	USD	1 Quarter
Net income	`ProfitLoss`	$420.11K	USD	1 Quarter
Net income	`ProfitLoss`	$22.46K	USD	1 Quarter
Net income	`ProfitLoss`	$-67.59K	USD	1 Quarter
Net income	`ProfitLoss`	$-64.31K	USD	1 Quarter
Net income	`ProfitLoss`	$-368.16K	USD	1 Quarter
Net income	`ProfitLoss`	$-2.26K	USD	1 Quarter
Net income	`ProfitLoss`	$-12.51M	USD	1 Quarter
Ending balance, value	`StockholdersEquity`	$-2.05M	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$-2.09M	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$-1.63M	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$-2.16M	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$-74.66K	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$-2.21M	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$-2.23M	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$-2.05M	USD	Point-in-time

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.